Harbour Investments Inc. Cuts Stock Position in TotalEnergies SE Sponsored ADR $TTE

Harbour Investments Inc. lessened its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 14.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,158 shares of the company’s stock after selling 197 shares during the period. Harbour Investments Inc.’s holdings in TotalEnergies were worth $71,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in shares of TotalEnergies by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock worth $209,112,000 after purchasing an additional 1,119,406 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of TotalEnergies by 287.2% in the first quarter. Alyeska Investment Group L.P. now owns 1,247,765 shares of the company’s stock worth $80,718,000 after purchasing an additional 925,541 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of TotalEnergies by 23.1% in the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock worth $229,780,000 after purchasing an additional 665,620 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of TotalEnergies by 17.3% in the first quarter. Natixis Advisors LLC now owns 2,160,096 shares of the company’s stock worth $139,737,000 after purchasing an additional 318,225 shares during the last quarter. Finally, GW Henssler & Associates Ltd. bought a new stake in shares of TotalEnergies in the first quarter worth about $20,580,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TTE. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. Piper Sandler reaffirmed a “neutral” rating and issued a $69.00 target price on shares of TotalEnergies in a report on Monday. BNP Paribas Exane reaffirmed a “neutral” rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Scotiabank lifted their target price on TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Finally, Berenberg Bank lowered TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a research report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.20.

TotalEnergies Trading Up 0.6%

TTE opened at $62.64 on Friday. The firm has a market cap of $150.20 billion, a P/E ratio of 11.37, a P/E/G ratio of 1.54 and a beta of 0.53. TotalEnergies SE Sponsored ADR has a 12 month low of $52.78 and a 12 month high of $65.76. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average of $61.28 and a 200 day moving average of $60.38.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.05). TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%.The company had revenue of $44.68 billion during the quarter, compared to analysts’ expectations of $42.44 billion. As a group, research analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.